Another Monday, another predictable news flow: Apple is selling millions of iPhones, oil is gushing into the Gulf of Mexico, the stock market is falling, and FIFA refs are botching calls in the World Cup.
It would be more fun to be distracted by the World Cup if there were better officiating (On two hand, I can count major, game-changing botched calls I have witnessed). Bloomberg has pointed out that it may now be time to use technology — can I suggest some eyeglasses?
Meanwhile, Apple’s money machine churns along and the G-20 accomplishes exactly nothing. Here’s this morning’s news:
- Apple says iPhone 4 sales have topped 1.7 million already (Apple).
- Oh dear. What’s Steve Jobs going to do about iPhone sex chat? (Business Insider)
- BP says it’s now capturing 24,000 barrels of oil per day (Reuters). Of course, this is the same company that once pegged the spill at 5,000 barrels a day.
- Elevation Partners — otherwise known as the VC Firm of Bono — is putting another $120 million into Facebook (TechCrunch).
- G-20 decides that debt is bad, flying in the face of Obama administration policy of running up the tab (Bloomberg). Go ahead, a dare you to name the 19 and 20 countries in the G-20.
- A Macallan 50-year-old for $10,000, anybody? (Bloomberg)
- Wondering why gold is rallying? Veteran bank-watcher Ambrose Evans-Pritchard says another round of quantitative easing is on the table (Telegraph).
- Senator Robert Byrd, 92, is dead, and there’s a scramble on to figure out how he will be replaced (Wall Street Journal).
- England gets a good kicking from the press after its demoralizing 4-1 loss to Germany (Guardian).